1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
A buy needs a lower Bollinger Band touch, by default with a close below the midline, plus a MACD or Impulse MACD crossover. Position size is a percent of equity or a fixed cash amount per buy, with a cap of one buy per bar by default. It allows many stacked entries, has no stop loss or take profit, and shows an optional metrics table.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Bollinger length
int
200
bbLength
Bollinger std dev
float
2.0
bbStdDev
Watch lookback (bars)
int
60
watchLookback
Require close < BB midline
bool
true
requireBelowMid
MACD fast EMA
int
12
macdFast
MACD slow EMA
int
26
macdSlow
MACD signal EMA
int
9
macdSig
Impulse MA length
int
34
impLenMA
Impulse signal length
int
9
impSig
MACD trigger
string
Impulse
signalSrc
Max one buy per bar
bool
true
oncePerBar
Position sizing
string
Percent of equity
sizeMode
Show all 16 settings
Setting
Type
Default
Variable
% of equity per dip-buy
float
25
sizePct
Fixed cash per dip-buy
float
10000
sizeCash
Risk-free rate % (annual)
float
6.0
rfAnnual
Show performance table
bool
true
showMetrics
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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